AWS and SAP Unlock New Innovation with Generative AI
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- Wall St indexes advance with boost from chips, Iran optimism
- Intel soars after Trump says Apple agreed to work with chipmaker on US production
- Apple CEO warns price hikes 'unavoidable' as chip costs bite - WSJ
- Wall Street scrambles to lift Micron price targets ahead of earnings
- SanDisk and Micron surge as Apple confirms memory price pass-through
- Zelenskiy: best guarantee of Europe's future is fast-track EU membership for Ukraine
- Needham Starts NeoVolta (NEOV) at Buy
- Companies to add 40 million barrels of oil to US SPR after Iran war ends, energy secretary says
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- Tesla acquires AI hardware company for up to $2 billion in stock
Amazon.com (AMZN) PT Raised to $245 at Tigress Financial Partners
May 30, 2024 4:48 PM EDTTigress Financial Partners analyst Ivan Feinseth raised the price target on Amazon.com (NASDAQ: AMZN) to $245.00 while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating on AMZN and increase our 12-month target price to $245 as increasing AI demand drives strong AWS results as enterprises look to drive increasing value-additive generative AI integration and increasing AI-driven capabilities across all product lines, and ongoing expansion of Prime Membership services will continue to drive further revenue growth and increasing shareholder value creation. Accelerating AI demand is driving strong AWS cloud results as enterprises... More
Ads will help Amazon's retail margins hit new highs: BofA
May 30, 2024 1:59 PM EDTAnalysts at Bank of America believe advertising revenues could contribute 5 points to tech giant Amazon's (NASDAQ: AMZN) long-term margins, helping to push them to new highs.
The investment bank noted that Amazons advertising revenues continue to grow faster than Gross... More
